Cat bonds are approximately 30% of the ILS market. Commentary from...
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Australian banks may have to rethink mortgages in risk areas -NAB
Ross McEwan, chief executive officer of National Australia Bank Ltd...
U.S. Treasury proposes a new rule to collect data on climate-related risks from P&C insurers
U.S. Treasury Secretary Janet Yellen has pressed U.S. financial...
Coronavirus Pandemic: Surveys show pandemic savaging global economy
With the International Monetary Fund predicting a global recession, the world’s 20 largest economies agreed on Monday to develop an “action plan”, but without specifics.
PM announces 21-day nationwide lockdown, says this is only way to fight coronavirus
Though 21 days lock down include almost all institutions in the country, a few establishments including banks, insurance offices, and ATMs will allowed to remain open..
Caronavirus Pandemic: Companies’ recruitment strategy shift to virtual platforms
Companies are checking the travel history (official and personal) of the past three months, also their medical history is getting checked. However, if they have any illness, status of illness, track of residence locations, any address update that need to be done is also done.
India faces spike in coronavirus cases, says study, in test for health system
According to the estimates, the number of confirmed cases could rise to more than 4,000 by the end of March and to between 30,000 and 230,000 by end-April.
India’s poor, hammered by coronavirus lockdown, fear for future
The issue highlights how difficult it is for countries to tackle the virus without destroying livelihoods – a challenge that is especially acute in developing nations with significant populations living hand-to-mouth.
E-commerce companies face disruption as India locks down to curb coronavirus
Similar delivery or warehouse disruptions hit Amazon, Walmart’s Flipkart and Softbank-backed e-commerce website Snapdeal across states, industry executives said. The full extent of the disruptions was not immediately clear.
Trump says U.S. to make a decision on coronavirus at end of 15-day plan
Treasury Secretary Steven Mnuchin told “Fox News Sunday” the package would include loans for small businesses, direct deposits that could give an average family of four $3,000, and up to $4 trillion in liquidity for the U.S. Federal Reserve to help businesses get through the next 90 to 120 days.
68-yr-old man who recovered from coronavirus dies in Mumbai
Wealth managers rein in leverage as clients battle markets downturn-sources
Bankers from three Swiss wealth managers in Asia, which has the highest numbers of billionaires globally, said they asked some clients in the last couple of weeks to raise collateral against their loans amid a panic selling in securities.
Caronavirus Crisis:IRDAI allows life and health insurance customers extra time to pay their premium
In case of health insurance policies, the insurers may condone delay in renewal up to 30 days without deeming such condonation as a break in policy. However, insurers are requested to contact the policyholders well in advance so as not to have a discontinuance in coverage.